Social Impact Bonds

A social impact bond, also called a social benefit bond or pay-for-success bond, is a type of social financing that enables a government agency to pay for programs that hold promise for delivering public sector savings. In a typical scenario, a government agency identifies a problem they want to address and enters into a contractual agreement with an intermediary. The intermediary raises the initial capital and is repaid with savings that result as part of a program's success.

Social Impact BondsThis website contains links to many resources related to social impact bonds. [url; Center for American Progress]

Using Social Impact Financing to Improve Asthma Outcomes [webinar and PowerPoints]Now available online, this educational webinar discussed efforts underway to use a Social Impact Bond (SIB) financing model to address the range of complex issues that children with asthma face to get their chronic condition under control. [url; Childhood Asthma Leadership Coalition]

Using Social Impact Financing to Improve Asthma Outcomes [issue brief]Building upon the success of the webinar, the Childhood Asthma Leadership Coalition published a white paper discussing how Social Impact financing models - including Social Impact Bonds (SIBs) and Pay for Success (PFS) contracts - can offer low-income families the non-medical interventions needed to improve the health of asthmatic children. [url; Childhood Asthma Leadership Coalition]